Klaviyo (KVYO): BTIG Notes Fast Growth Despite Scale

Klaviyo, Inc. (NYSE:KVYO) is one of the Stocks That Could Mint Millionaires in 2026.

On December 15, BTIG analyst Nick Altmann initiated coverage of Klaviyo, Inc. (NYSE:KVYO) stock with a Buy rating and $40 price target. Since its IPO, the company has remained one of the fastest-growing publicly traded software companies despite reaching scale, the analyst told investors in a research note. Concerns over retail/e-commerce and lack of margin improvement have resulted in shares having a more muted performance, but recent checks were constructive and suggest a ripe opportunity for cross-selling customers, BTIG added.

On November 5, the firm posted earnings for the third quarter of 2025, reporting earnings per share of $0.18, beating expectations by $0.04. The revenue over the period was $310.88 million, up 32.2% year-on-year and beating estimates by $11.04 million. The firm also outlined a 21–22% revenue growth target for 2026 amid rapid AI product adoption and international momentum.

Klaviyo, Inc. (NYSE:KVYO) provides a software-as-a-service platform in the United States, the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

While we acknowledge the potential of KVYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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